Metaplanet issues 555 million floating strike warrants, intending to raise approximately 5.4 billion dollars to increase its Bitcoin holdings

ChainCatcher news, according to the official announcement, the Japanese listed company Metaplanet has announced the issuance of 555 million Moving-Strike Warrants, expecting to raise 500 million USD, and the funds raised will be used to increase its Bitcoin holdings.

This issuance sets a record for the largest scale of stock subscription rights issuance in the Japanese capital market, and it is also the first case of Moving-Strike Warrants in the Japanese market with an exercise price set above the market price.